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Tag: damage


Regulatory / Legal

Insurers Must Physically Inspect to Confirm Damage Cited by Aerial Imagery

May 29, 2024

Via: Insurance Journal

The Pennsylvania Insurance Department (PID) is reminding insurers of their obligation to conduct a physical inspection to confirm the type and extent of damage to a roof supposedly evidenced by aerial imagery. The regulatory agency said it has received consumer […]


Regulatory / Legal

Will Amendment to Rule 702 Affect Property Insurance Coverage Litigation?

October 16, 2023

Via: JD Supra

In most property insurance coverage litigation, the parties engage experts to elucidate the issues in the case. This is particularly true when there are multiple causes of loss, covered and not covered, that combine to cause the damage claimed. In […]


Geo-Political, Risk Management

Specialist insurance can help protect businesses against rise in civil unrest: AGCS

March 6, 2023

Via: Reinsurance News

With strikes, riots and civil commotion (SRCC) around the world expected to rise, businesses need to remain vigilant about the different threats this heightened risk environment can pose, as this can result in significant loss of income, according to an […]


News

Marshall Fire in Boulder, Colorado destroyed ~1,000 properties

January 3, 2022

Via: Artemis BM

The severe wildfire activity in Boulder County, Colorado is now estimated to have destroyed roughly 1,000 properties, with officials preliminarily citing 991 residential properties as completely destroyed, with another 127 damaged. These are not thought to be the final figures […]


News

Seacor: Pay Debt With $25M in Overturned Louisiana Boat’s Insurance

June 21, 2021

Via: Insurance Journal

The owner of an offshore oilfield boat that overturned off Louisiana plans to use $25 million in insurance on the vessel to pay down part of the Texas company’s debts. Attorneys for families of men killed when the Seacor Power […]


Geo-Political, Risk Management

Cyclone Seroja’s southerly path raises insurance challenges

April 23, 2021

Via: Insurance News

Cyclone Seroja has caused extensive damage to WA farming properties in addition to towns close to the coast, while the rare path of the storm and its intensity has left a range of rebuilding and insurance challenges, a Sedgwick loss […]


Regulatory / Legal

Utah Passes Law Requiring Pilot Insurance Following Plan Crash

March 29, 2021

Via: Insurance Journal

The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years after it was filed. The pilot, apparently, was not insured, leaving Samantha Sandoval – hit in her car in the […]


Geo-Political, Risk Management

Southern storms could further squeeze energy insurance

March 2, 2021

Via: Business Insurance

The series of winter storms and deep freeze that hit Texas and other states in mid-February is likely to exacerbate rate hardening and tightening conditions in the energy insurance market, industry experts say. The power outages and rolling power cuts […]